Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Narragansett Road Cumberland, RI 02864

    View on Map
    For Sale
    $39,000

    LAND - Cumberland, RI

    Lot size:
    0.11 Acres
    Added:
    Nov 7, 2025
    Days on Market:
    149
    Last Refresh:
    Apr 5 at 1:06 am

    Property Features for Narragansett Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    357

    Utilities

    Utilities
    Electricity Available

    We can help!

    Listing Contact
    Isabel Garcia

    Listing agent Isabel Garcia

    Listing office Keller Williams Coastal 501 Centerville Rd- Suite 201, Middletown, RI

    Listing date Nov 7, 2025

    MLS# 1399619 Listing URL

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cumberland, RI Land For Sale

    This is a land lot located on a paved and quiet dead end road in Cumberland, Rhode Island. The lot size is 0.1148 acres. The property is being sold AS IS, and no permits are currently available. Prospective buyers are advised to conduct their own due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cumberland
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.3991651
    Latitude
    41.9356718

    Nearby Similar for Sale

    • $675,000

      Cumberland Multifamily on 1.29 Acres

      Legal 2-unit property in Cumberland, great for income.
      97 Angell Road, Cumberland, RI 02864
      View Details
    • $489,000

      Mixed-Use Building in Cumberland, RI

      Versatile mixed-use building with commercial space and residential apartment.
      415 Broad Street, Cumberland, RI 02864
      View Details
    • $645,000

      Renovated Duplex in Cumberland Hill

      Newly renovated duplex on over half an acre of land.
      20 Mount Pleasant View Avenue, Cumberland, RI 02864
      View Details
    • $1,095

      Cumberland Office Space For Sale

      800 sq ft office space on Mendon Road.
      1390 Mendon Road, Cumberland, RI 02864
      View Details
    • $650,000

      Cumberland Triplex on Large Lot

      Well-maintained triplex in Cumberland, ideal for owner-occupant or investor.
      22 Eli Street, Cumberland, RI 02864
      View Details
    • $729,000

      Mixed-Use 4-Unit Opportunity

      Mixed-use property with commercial and residential units in Cumberland, RI.
      2200 Diamond Hill Road, Cumberland, RI 02864
      View Details
    • $1,250

      Versatile Commercial Space in Cumberland

      Adaptable commercial space in a desirable Cumberland location.
      1251 Mendon Road unit: 1, Cumberland, RI 02864
      View Details
    • $580,000

      Cumberland Two-Family Home For Sale

      Two-family property with updated kitchen, hardwood floors, and convenient location.
      36 Dexter Street, Cumberland, RI 02864
      View Details
    • $650,000

      Mixed-Use Property in Cumberland, RI

      Unique mixed-use property with commercial space and residential unit.
      1251 Mendon Road, Cumberland, RI 02864
      View Details
    • $1,099,000

      Mixed-Use Property with Vacant Lot

      Six-unit mixed-use property with a vacant lot for sale.
      2220 Diamond Hill Road, Cumberland, RI 02864
      View Details
    • $1,299,000

      Cumberland Mixed-Use Building For Sale

      Remodeled mixed-use building on a high-traffic corner lot.
      4115 Mendon Road, Cumberland, RI 02864
      View Details
    • $999,999

      Turnkey Mixed-Use Property For Sale

      Mixed-use property with bar/restaurant and two residential units.
      422 High St, Cumberland, RI, 02864-7951
      View Details

    FAQs

    What type of property is this?
    Land - Land lot on a quiet dead end road in Cumberland.
    Where is this land located?
    The property is located at Narragansett Road Cumberland, RI.
    What is the asking price?
    The asking price for this property is $39,000.
    What are key features of this property?
    This property features: Lot is located on a paved road.; Lot is located on a quiet dead end road.; Electricity is available.
    (401) 845-9200
    We can help!
    Listing Contact
    Isabel Garcia
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!